E-Tranzact Plc Reclassified From Medium Priced To Low Priced Stock

The
Nigerian Stock Exchange (The NSE or The Exchange), hereby announces the
reclassification of E-Tranzact International Plc (ETranzact) from Medium Priced
Stock to Low Priced Stock further to Rule 15.29: Pricing Methodology,
Rulebook of The Exchange, 2015 (Dealing Members’ Rules).

For
upward or downward movements in price to occur on any Low Priced Stock that is
priced at below N5 and listed on The NSE, stockbrokers are required to trade a
minimum volume of 100,000 units of shares or above.

These
Low Priced Stocks are securities that have traded below N5 per share in four
out of the last six months period.

ETranzact
dropped below the N5 mark on 15 February 2018 and traded below N5 up till close
of business on 31 August 2018. Thus ETranzact has traded below N5 over the last
6 months and therefore will be reclassified from Medium Priced Stock to low
priced stock effective September 12, 2018.